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S2
S1
e2 e1
p
D
P
0 q2 q1
Q
Figure 10.3: Cost curves for C = 10 + .75q.2
10 profits
A
9 p=9
8
2.833
7
6 B
5
0
0 1 2 3 4 5 6 7 8
Figure 10.4: Cost curves with tax.
10
C A
9 p=9
8
7 D
6 B
0
0 1 2 3 4 5 6 7 8
Figure 10.5: The firm’s supply decision.
14
13
(8,12)
12
11 (7,10.5)
10
(6,9)
9
8 (5,7.5)
7
(4,6)
6
5
4
3
2
1
0
0 1 2 3 4 5 6 7 8 9 10 11 12
Figure 10-6: Short-run market supply curve
p p
9 9
S = MC = 1.5q
8 8
7 7
6 6
5 5
4 4
3 3
2 2
1 1
0 q 0 q
0 1 2 3 4 5 6 0 5 10 15 20 25 30